Top News:
Tampa Bay Times:
Tampa Bay Times announces 10% pay cuts for all full-time staff, until June 5, with five executives getting 15% cuts for same period; more staff layoffs likely — A note from executives cites a tough start to the year. — Citing a tough start to the year financially …
Discussion:
@lyndseymck, @milamimica1, @kemettler, @carolynpfox, @caryaspinwall, @daphnechen_, @mkayandrews, @apantazi, @adamdberry, @carolynpfox, @johnupton, @emesola, @jkbjournalist, @sarahkaplan48, @genepark, @annaforflorida, @carolynpfox, @royalpratt, @lpolgreen, @clairemcneill, @jeremybowers and @fitz_ly
Georg Szalai / Hollywood Reporter:
Discovery reports Q4 earnings of $476M, up 77% YoY, on revenue of $2.87B, up 2% YoY; ad revenue grew 1% and distribution 5% thanks in part to carriage on MVPDs — The company, led by CEO David Zaslav, posts its latest financials. — Discovery on Thursday reported higher fourth-quarter …
Discussion:
Deadline, Variety, Variety, The Wrap, The Streamable, @thr and Discovery Communications
RELATED:
Anna Nicolaou / Financial Times:
Discovery to grow Dplay, its on-demand European streaming service, to 18 countries in 2020; Joyn, its ad-supported German streaming service, has 7M users — US media group focusing on content overlooked by heavyweights such as Disney and AT&T — Every week, tens of thousands of tourists flock …
Discussion:
@discoveryinctv
New York Times:
Several high-profile Instagram accounts switch to private to avoid scrutiny when posting sponsored content for Bloomberg's campaign — The Bloomberg campaign is putting out more memes on private Instagram accounts — and running faster than Facebook can keep up.
Discussion:
The Guardian, @hshaban, @mrbrown, @emilybell, @megh_wright, @hshaban and @taylorlorenz, more at Techmeme »
Fadel Allassan / Axios:
Trump's re-election campaign filed a libel suit against NYT for publishing a Max Frankel opinion piece on Russian interference in the 2016 election — The lawsuit claims the Times falsely wrote the campaign had a quid pro quo with Russia.
Discussion:
CNBC, Reuters, @kylepope, New York Times, VICE, Mediaite, The Nation, @jonathanwpeters, @govhowarddean, @glennkirschner2, @davmicrot, @slpng_giants, @jonathanwpeters, @stengel, @boutrousted, @jonathanwpeters, @tamarabrock, @berniesanders, @jonathanwpeters, @swin24, @teamtrump, @ryandenos, @jonathanwpeters, @timobrien, @markszaidesq, @jason_kint, @nytimes, @jbenton, New York Times, @jeffjarvis, Fast Company, The Verge, The Week and iMediaEthics
Washington Post:
Five alleged members of Atomwaffen Division are arrested, charged with plotting to intimidate journalists and others via swatting and leaving fliers at homes — Federal officials on Wednesday arrested several alleged members of a white supremacist group called Atomwaffen Division …
Lisa Donovan / @byldonovan:
Chicago Tribune EIC and publisher Bruce Dold is being replaced by Colin McMahon, effective immediately; managing editor Peter Kendall is also leaving — Memo from @TribPub corporate: “I am pleased to announce that Colin McMahon has been appointed Editor-in-Chief of Chicago Tribune effective immediately.” With these changes, Bruce Dold, Publisher and Editor-in-Chief, will be leaving the organization." (Continued)
Discussion:
@royalpratt and @kerrymflynn
Business Wire:
New Gannett reports revenue of $699M and net loss of $95M, print ad revenue of $241M and digital ad rev of $90.1M; Gannett expects $60M in annual savings — Significant progress on integration; continued confidence in high-end of synergy targets — On track to implement over $60 million …
Discussion:
@kerrymflynn, @kerrymflynn and @peterlattman
Digiday:
Interview with Time President Keith Grossman on revenue sources, the loss of display advertising, broadening brand identity, and planning long-term strategies — Keith Grossman, seven months into the job as president of Time, doesn't mice words when it comes to Time's recent history.
Discussion:
@daciampaglia and @simonowens
Alex Barker / Financial Times:
The upcoming third-party cookie ban in market-leading Chrome will mean changes in adtech, more site-specific direct user tracking, and more power for Google — Complex, unloved and often over-intrusive: few are mourning the demise of the third-party cookie — cross-website trackers that Apple …
The Daily Beast:
Sources: MSNBC temporarily sidelines Jason Johnson, a network fixture for election analysis, after his derogatory comments about Bernie Sanders supporters — Johnson was a regular fixture on MSNBC, providing analysis of the Democratic primary, but he has disappeared from the network since making incendiary comments about the senator.
Discussion:
@ryangrim, Washington Examiner and Mediaite
Emily Gould / The Cut:
A writer recalls her time at Gawker in 2007, including Nick Denton's shaming of her online, and how public shaming and online mockery leave lasting marks — Red Sketchbook, 2019. Oil on canvas. 40 x 30 inches. Courtesy the artist and V1 Gallery, Copenhagen. Photo: Courtesy the artist and V1 Gallery, Copenhagen
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